The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-08-20
CONDITION OF THE MARKETS
Day of Unusual Dullnessin the Grain
Pits of the Chicago Exchange.
Imall Transactions in Wheat. the Only Pur-
pose Being to Prevent Decline-Corn
Strong and Higber-PrOvisions Lifeless.


In Increase of Activity in New York, but
Prices Suffer i'm Consequence.
New YoRK. Aug. 19-Money on call was easy
lt43 to per cent, the last loan being made at 6,
Josing offered at 8.
Prime mercantile paper. 81 a 81 per cent
Sterling exchange was quiet but steady and
Unchanged.
The total sales of stocks to-day were 162. AGO
shares, including the following: Delaware,
Lackawapna & Western. $500; Erie, 3G.2l8;
Lake Shore, 1910; Louisville Nashville,
$3.50; Missouri Pacific. $780, Pacific Mail. 2.7o5;
Reading, AZ. $50; St. Paul. 10 100 Union Pacific,
s,340; Western Union, GAPS
The stock market had considerably more ami
nation to-day, though ii was entirely at the ex-
pense of values. and the activity was confined
principally 10 four or five stocks There was no
news TO affect values, but rumors or nnanclai
troubles were industriously circulated which
were seconded by special drives at few stocks.
The chief feature was the drop in Manhattan OF
Al per cent, about which conflicting stories were
set afIoat, the most plausible being that mem
Der Of the syndicate formed to take up the Field
stock had been unable TO fulfill his contract and
the stock had got upon the market But this,
with the others, lacked confrma-
ton, and the stock recovered hand
somely at the close. presumably
upon buying by insiders. By some this was
considered trick TO depress other stocks, and
If SO il was eminently successful. as the entire
market gave way, Missouri Pacific, G.. O., O., q
J.. New England and Reading all being heavy
losers There the same lack OF support no
ticeabIe of late, and the operations OF the
bears" we're hindered by opposition Many
of the room traders who have been operating on
the ''bulP side joined the sellers and some long
stock was brought out. The opening was dull,
Dnt at advances extending to ] per
GENT, and further advances were made
during the first hour. Pacific Mail became
conspicuous for strength The market became
staguant, however, began to drop and before
noon Manhattan broke Il. and soon after per
cent. further, which was the signal for a general
decline all through the list, though losses were
generally confined to fractions. There was con-
siderable feEershness displayed but the gen.
eral tendency was downward, and the close was
quiet but heavy at about the lowest figures or
the day The net result of the days operations
is that everything. with but few exceptions, IS
lower this evening, and Manhattan is down Il;
Colorado Coal, Il; Peoria, Decatur 81 Evans
Vile /; c., c., c. g. l., !; and others fractional
amounts.
Railroad bonds showed none Of the increased
animation in stocks. bat were duller than ever.
the sales Of all amounting to only 1863, 900 and
the trading was not marked by a single feature.
Prices are not materially changed. except in a
few cases, and these quotations OF long stand
ing
Government bonds were dull and weak.
State bonds were steady. Closing quotations
were: